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GROWING DEMAND FOR RENTALS

The baby boomer generation has benefited from unprecedented house-price growth basically guaranteeing that their house value was going to double in a very short space of time. The generations which follow are now beginning to understand that it’s not the norm, that it was a burst of excited enthusiasm in the housing market that is highly unlikely to reoccur soon. However the immediate consequence has been continuing higher values and growing unaffordability, hand-in-hand with a quickly growing population.

There is a strong move in the community to living in an apartment, even with children and so the rental market sees strong growth in demand. It’s a great time for investors to park capital in the real estate market which offers excellent returns for minimal risk.

It’s important for landlords to remember that a tenant is a customer and a customer has a choice. If they don’t have to rent with you, if we’re creating a market where there is more choice, you need to attract tenants and retain them. If you can provide good quality accommodation and a good experience with a good standard of living, then people may rent willingly and rent for longer terms.

This is where Raine & Horne Bathurst step in. Not only do we offer agency services in selling and buying investments properties, but property management, leasing and lettings are a specialised component of our business.